DR Market News Briefs

Asian ADRs Move Lower in Wednesday Trading


Last updated: 06/22/2022 10:39:55

10:39 AM EDT, 06/22/2022 (MT Newswires) --

In North Asia, the gainers were led by biotech firm Zai Lab (ZLAB) and educational services provider Tarena International (TEDU), which climbed 10% and 9.6%, respectively. They were followed by used car e-commerce platform Uxin (UXIN) and educational services provider Four Seasons Education (FEDU), which rose 8.9% and 6.1%, respectively.

The decliners in North Asia were led by financial product information platform Jianpu Technology (JT) and travel company Tuniu Corp. (TOUR), which fell 10% and 6.6%, respectively. They were followed by semiconductor company United Microelectronics Corp. (UMC) and energy firm PetroChina Company (PTR), which lost 6.1% and 5.6%, respectively.

In South Asia, the only gainers were biotech firm ASLAN Pharmaceuticals (ASLN) and IT firm Sify Technologies (SIFY), which rose 11% and 0.8%, respectively.

The decliners in South Asia were led by IT firms Wipro (WIT) and Infosys (INFY), which lost 2.7% and 2.2%, respectively. They were followed by financial services company ICICI Bank (IBN) and automaker Tata Motors (TTM), which were down 1.9% and 1.3%, respectively.

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